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9152 Apollo Court Frisco, TX 75033

3 Beds 2 Baths 1,900 sqft Built 2002

$345,000

List Price

$1,850

$1.7K - $2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $181.58
  • 3 Days on Market
  • MLS # : 14535691
  • Updated Date : 03/18/2021 at 22:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,900 sqft
  • Baths : 2 full
Listing Agent

Innovative Realty

Listing Agent's Description

Location,Location,Location! Frisco ISD feeding into Carroll, Cobb and Wakeland schools. Gorgeous 3 bed 2 bath on a quiet culdesac within walking distance to parks,restaurants,and entertainment! The home has a huge living room and master bedroom with new wood floors and fresh modern paint colors.Open kitchen displays seamless granite counters, slate floors and backsplash and stainless steel appliances.The baths have been updated with designer sinks, granite counters, slate floors, framed mirrors,new hardware and fixtures!Walk outside into the peaceful and private backyard that is adorned by a 10 ft custom built cedar pergola covering the stained concrete patio and a brand new 8 ft board on board cedar fence.

SEE MORE

MARKET HIGHLIGHTS

  • Dallas metro contributes to 31.9%% of Texas state economy i.e. Gross State Product (USMayors.org, 2018)
  • Dallas metro has 67.1% labor force participation rate higher than the national rate 62.8% (USMayors.org, 2018)
  • . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)
  • # 1 in the country for job growth in 2017 (2.6% growth, 91,700 new jobs) (US Census, Forbes, 2017)
  • Dallas metro's economy is worth $579 billion in Gross Metro Product and projected to grow to $613 billion in 2019 (USMayors.org, 2018)
  • Home to 20 Fortune 500 headquarters, 39 Fortune 1000 headquarters and 12 of Forbes' top private companies (Fortune)

PRICE & RENT TRENDS

Neighborhood: Kings Garden

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400k420kPrice in $123k434k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Kings Garden

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600Rent in $11262614

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Reba Cobb Carroll Elementary School Primary Regular 508 34 9
Robert Cobb Middle School Middle Regular 909 63 NA
Justin Wakeland High School High Regular 2,220 140 9

Reba Cobb Carroll Elementary School

  • Education Level: Primary
  • # of students: 508
  • # of teachers: 34
9
GreatSchools Rating

Robert Cobb Middle School

  • Education Level: Middle
  • # of students: 909
  • # of teachers: 63
NA
GreatSchools Rating

Justin Wakeland High School

  • Education Level: High
  • # of students: 2,220
  • # of teachers: 140
9
GreatSchools Rating
 

$310,500$379,500$345,000

PURCHASE PRICE

$1,665$2,035$1,850

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,850
EXPENSES Loan Payment -$1,198
Property Tax -$607
Property Insurance -$137
HOA -$40
Property Management Fees -$99
CASH FLOW
-$231

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.

$345,000

PROJECTED PRICE

$1,850

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 9.3%
Maintenance Year (1-5) 8.00%
Vacancy 6.93%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$97,175

INVESTMENT

$97,175

Down Payment
$86,250
Rehab Estimate
$5,750
Closing Costs
$5,175

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,198

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $86,250
Loan Amount $258,750
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$2,999

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $1,850

    LIST RENT
  • $0.97

    LIST RENT PER SQFT
  • $1,848

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$1,800
1$1,8002$1,8003$1,8504$1,8755$1,950
$1,950
RENT COMPS ANALYSIS
  • 9152 Apollo Court Frisco, TX 3
    • 3 beds 2 baths ∙ 1,900 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,900 Sqft ∙ Built 2002
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.97
    •  
  • 9153 Apollo Court Frisco, TX 1
    • 3 beds 2 baths ∙ 1,919 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,919 Sqft ∙ Built 2002
    property image
    LEASED 04/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.94
    •  
  • 9176 Apollo Court Frisco, TX 2
    • 3 beds 2 baths ∙ 1,919 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,919 Sqft ∙ Built 2002
    property image
    LEASED 08/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.94
    •  
  • 4171 Freedom Lane Frisco, TX 4
    • 3 beds 2 baths ∙ 1,900 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,900 Sqft ∙ Built 2002
    property image
    LEASED 09/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $0.99
    •  
  • 4105 Freedom Lane Frisco, TX 5
    • 3 beds 2 baths ∙ 1,919 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,919 Sqft ∙ Built 2002
    property image
    LEASED 10/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.02
    •  
PROPERTY LISTING DETAILS
Andy Feekes
Innovative Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14535691
Last Updated: 03/18/2021
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